The NestWorth Equity Access Agreement provides a way to access the equity in your home without the need for taking out a loan, such as a reverse mortgage. It is a simple and flexible way to access your home equity and you do not incur any debt or interest charge.
When is the NestWorth Equity Access program the better choice for me?
Learn more about how this Agreement works on our Equity Access FAQ page. Take a look at the power point presentation for homeowners and details about the Equity Access Agreement.
Sign up for a FREE webinar ( online seminar) to learn more and have your questions answered!
NestWorth Equity Access Agreement Benefits:
Eligibility
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The youngest homeowner must be at least 60 years old.
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The home must be occupied as a primary residence.
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1-4 unit single family dwellings or condos.
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Home must be in an eligible NestWorth area.
Monthly Payments to the Homeowner. You receive monthly payments from NestWorth for a term that you select.The maximum monthly payment and total payments depend on the term selected.Shorter terms yield larger payments.
In exchange, you grant NestWorth the right to receive a share of the proceeds from the sale of your home.
Maggie O'Connell will help you to evaluate the best option by illustrating and pointing out the differences, advantages and disadvantages of the available programs based on your situation, needs and desires.
In evaluating Equity Access and Reverse Mortgages, your goals, plans and intentions as a homeowner are evaluated:
- Do you plan to live in your home for life or for as long as possible -or do you plan to sell at some point?
- Do you want to access the most money possible from your equity over a period of time while continuing to own and live in your home?
- What is important to you - preserving equity or enhancing your lifestyle?
If accessing the most money possible is your goal, then the best options for that are explored. If preserving equity is important, what is your opinion of the future value of your home?
If you are negative on housing and feel that there will be little or no appreciation, Equity Access may be a better choice - the NestWorth share will be lower with a low increase in the Housing Price Index for the area. With high appreciation, the Reverse Mortgage may be the best choice as the payback is not determined on increases in the home value so you would benefit from all appreciation.
Our work together will compare the total amount of remaining equity plus the cash that you receive based on a variety of scenarios. There are variables to consider during the evaluation. We will look at results with different levels of appreciation, interest rates (RM) and various termination dates.
Give Maggie a call on (800) 489 0986 or contact Maggie to discuss your options - let's find out how you can enhance your lifestyle while remaining in your home!
My NestWorth.com is an approved broker of NestWorth Inc. acting as an Independent Contractor, but is not an agent, partner or affiliate of NestWorth Inc.
